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1 Ridge Street, Lancaster, Lancashire, LA1 1EA - Image 1
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1 Ridge Street, Lancaster, Lancashire, LA1 1EA

North West

£55,000
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace

Description

This three-bedroom end of terrace house presents a prime opportunity for renovation and investment. The property features an enclosed rear yard, providing outdoor space that could be enhanced with some thoughtful landscaping or outdoor living solutions. Situated within close proximity to the amenities of Parliament Street and easy access to Lancaster city centre, this home is not only convenient but also ripe for modernisation to increase its value. While currently vacant, the house requires updating throughout, making it ideal for those looking to put their stamp on a new project in a desirable location. With local parks and essential shopping nearby, this property is well-positioned for both residential appeal and potential rental income.

Investment Analysis

(LA1 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£215
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LA1)

Area prices are falling by -3.8% over the last 12 months
3 year growth: 0.0%
5 year growth: +14.5%
Investment Disclaimer: Analysis based on LA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

1 Ridge Street, Lancaster, Lancashire, LA1 1EA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£196
Based on a loan of £41,250 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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